| Proposed Ticker: BRHZ | One Kendall Square, Building 200 | |
| Exchange: NASDAQ-National Market | Cambridge, Massachusetts 02139 | |
| Industry: Service | (617) 577-8020 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/29/96 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $23,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 727-1700 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $64.18 | Assets: | $23.23 | ||
| Net Income: | $1.32 | Liabilities: | $15.84 | ||
| EPS: | $0.51 | Equity: | $7.39 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Bright Horizons is the leading provider of corporate-sponsored work-site child care services in the United States, operating 129 work-site child care centers providing care and education to more than 11,000 children. Demographic changes, particularly the increasing percentage of mothers in the work force, have driven significant growth in the market for child care services. A growing number of corporations, hospitals, government agencies and universities sponsor work-site child care centers in order to increase the productivity, loyalty and commitment of their work forces and to gain a competitive advantage in recruiting and retaining talented employees. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, working capital and other general corporate purposes including possible acquisitions. |
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